NEW YORK (AP) — Metal processor Metals USA Holdings Corp. wants to raise about $200 million in an initial public offering this week. The Fort Lauderdale, Fla., company is being taken public by private equity firm Apollo Management LP, which owns more than 90 percent of the company. After the IPO, Apollo would own more than 60 percent of Metals USA.
ATI Performance Products (Baltimore, MD) has released a full CNC-machined aluminum adapter that replaces the seal you have to remove when repacking wheel bearings. Because the housing can be removed with only your fingertips, the #150006 part helps reduce the otherwise time-consuming task of removing pressed-in wheel bearing seals.
ST. PAUL, Minn. (AP) — Boston Scientific Corp.'s Guidant LLC division pleaded guilty Monday to two federal misdemeanor counts alleging it failed to properly disclose changes made to some implantable heart devices. The deal calls for Guidant to pay more than $296 million, which federal prosecutors called the largest criminal penalty ever assessed against a medical device company.
It started as a modest dream among three friends. Recently, the vision became reality with the opening of Green Planet Farms—a $40 million, 195,000 square-foot soy protein isolate (SPI) manufacturing facility in South Sioux City, Neb. As an ingredient manufacturer, Green Planet Farms’ main focus is to serve organic and non-genetically modified protein isolates to food and beverage producers worldwide.
CONNERSVILLE, Ind. (AP) — Hundreds of people attended information sessions to learn about possible jobs at a startup company planning to build high-tech police cars in eastern Indiana. Carbon Motors is awaiting approval of a $310 million federal loan before it starts hiring potentially 1,500 workers for the Connersville factory.
MONTCOAL, W.Va. (AP) — Rescue teams planned to search again Tuesday for four workers missing in a coalmine where a massive explosion killed 25 in the worst U.S. mining disaster in more than two decades, though officials said the chances were slim that the miners survived, and the search may not be able to start again until evening.
NORTH CHARLESTON, S.C. (AP) — Crews have reached another milestone as they build Boeing Co.'s new South Carolina plant. The Post and Courier of Charleston reports company executives were on hand Monday to watch the first steel beam placed for the plant which will build Boeing's 787 jetliner.
WASHINGTON (AP) — Toyota Motor Corp. faces a maximum penalty of more than $16 million, a record civil penalty against an automaker, for failing to promptly notify the U.S. government about defective gas pedals among its vehicles. Toyota has recalled more than 6 million vehicles in the U.S.
The multi-lane parts feeder from the Arthur G. Russell Company (Bristol, CT) allows for high output within a limited floor space. The patented Vibro-Block electromagnetic vibrator sits at the heart of the multi-lane feeder to deliver a consistent product feed that achieves high output across multiple lanes.
Hermetic Switch, Inc. (Chickasha, OK) has released a new series of liquid level sensors — also known as float sensors — under the PRX+1660 brand. The sensors can be used for level sensing or monitoring of brake fluid, contained water, or oil, among others, and is limited only to the series’ material of construction.
Jenny Products, Inc (Somerset, PA) introduces its J11HGA-30P single-stage, gas-powered compressor. The unit it portable by wheels and includes a 30-gallon air tank and a belt-driven “J” pump, which is a single-stage, four-cylinder pump. The unit delivers 21.
PARMA, Ohio (AP) — A General Motors metal plant in Ohio has been able to stay strong by focusing on making small car parts that customers never see and are cheaper to ship, officials say. GM has spent $60 million installing new equipment and upgrading machines at the Parma Metal Center, which employs about 1,300.
BATON ROUGE, La. (AP) — A Louisiana company is suing city and parish officials to force them to use a road building material it manufactures. Bear Industries Inc. argues that its product, a calcium sulfate blend, would allow the city-parish to build roads more cheaply, saving taxpayers money.
SAVANNAH, Ga. (AP) — A hearing is scheduled for May 18 in Savannah on the U.S. Occupational Safety and Health Administration's attempt to fine Imperial Sugar Co. $8.8 million. Explosions and a fire killed 14 people and injured many others at Imperial's Port Wentworth, Ga. refinery in 2008. OSHA issued 124 citations at Port Wentworth.
MONROE, La. (AP) — Founder Frank Varasano has been replaced as chief executive officer of V-Vehicle Co., the San Diego-based company created to build fuel-efficient cars, the company says. Ray Lane, a managing partner of V-Vehicle's largest investor — the venture capital firm Kleiner Perkins Caufield Byers LLP — is running the company while officials look for a full-time CEO, according to a brief statement released Friday.
WASHINGTON (AP) — U.S. oil refineries have an ongoing problem with accidents that turn deadly, losing four times as much money from such incidents than refineries in the rest of the world, according to an insurance company report obtained Friday by The Associated Press. The problem is highlighted by a deadly string of explosions, including one that killed four people Friday at a Tesoro Corp.
GREER, S.C. (AP) — Automaker BMW Manufacturing Co. plans to hire about 200 temporary production and logistics workers at its South Carolina plant. The Greenville News reported last week that applicants need a stable work history, a high school diploma or GED and be capable of working 10-hour shifts.
In 2008, Buffalo Rock Company—a private, family-owned Pepsi and Cadbury Schweppes bottler—had the opportunity to test Lantech's patent-pending No Film Break stretch wrapping machine. The company jumped at the offer. "We were already planning to buy an equivalent Lantech rotary-arm machine—without No Film Break—and determined this alpha machine trial was low risk to us, with the manufacturer standing behind it and able to monitor its performance through an on-line connection," says George Garrison, general manager of manufacturing at Buffalo Rock.
Last Monday I came back to work after three weeks off. In that relatively short period of time, a lot has changed. Firstly, I’m now married to the girl of my dreams and ridiculously excited about spending the rest of my life with such an incredible person. Secondly, the snow and ice covering Madison, WI has completely subsided, allowing me to pull out the grill in preparation for the 70 degree weather that will apparently arrive at the end of this week.
ANACORTES, Wash. (AP) — Three people are dead and four critically injured after an explosion and fire at an oil refinery in Washington state shook homes and shot flames into the night sky. Tesoro Corp. says three people died in the fire at its refinery in Anacortes, Wash., about 70 miles north of Seattle.